The Tyranny of the Market

by Joel Waldfogel and Джоель Вальдфоґель

Economists have long counseled reliance on markets rather than on government to decide a wide range of questions, in part because allocation through voting can give rise to a "tyranny of the majority." Markets, by contrast, are believed to make products available to suit any individual, regardless of what others want. But the argument is not generally correct. In markets, you can't always get what you want. This book explores why this is so and...

• Format: Hardcover
• Language: English
• ISBN: 0674025814
• ISBN13: 9780674025813
• Release Date: October 2007
• Publisher: Harvard University Press
• Length: 216 Pages
• Weight: 0.85 lbs.
• Dimensions: 0.8" x 6.0" x 8.3"